Tokpie

Tokpie is a peer-to-peer fiat and cryprtocurrency swap exchange. It guarantees best prices and zero commission fees for small traders.

How it works:

Tokpie offers free peer-to-peer exchange for verified users who do not exceed a trading volume of $100,000 per moths. The platform also offers a wide array of tools and complete security for its users.

As users request a trade, they enter a stock exchange like two sided auction. During this auction both parties bid for the currency they are trading to end up trading for the price that suits both the best.

The tools Tokpie provides enhance a common trader’s capabilities to a great extent. Price charting tool allows traders to keep their arm on the pulse of cryptocurrency market and even make price predictions based on a number of indicators one can manipulate. The spread analysis tool can show real-time opportunities to buy in one country and sell in the other with profit. The platform also provides a watchlist tool that gives traders price alerts to catch the best conditions for a deal.

Additional tools users have to pay for are tailored to suit the demands of big players. Among other things it includes cross-exchange spread analysis for enhanced trading opportunities and making sales through dark books, a function that doesn’t let ordinary traders see what the company is trading.

Both big and small traders care about security when conducting a deal. Tokpie goes out of its way to ensure maximum security for its clients. It does hold a part of seller’s cryptocurrency assets in a safe cold storage as a guarantor, but at no point does it touch fiat money. This means no bank or government can seize Tokpie user’s funds.

Apart from catering to small and big traders, Tokpie sees hot ICOs as one of its sources of clients. The main advantages of listing new tokens on Tokpie is that it doesn’t charge as big a fee as the competitors do, and has an audience of already KYC/AML-verified users.

Innovation:

Tokpie brings cryptocurrency exchange to a whole new level. It introduces a peer-to-peer bidding system and a pool of trading tools that would suit all categories of clients. It does all that while managing not to charge any fees to users who do not exceed a 100,000 USD a month limit.

Innovation score: High

Token value:

Tokpie token, TKP, is a proof of membership on the platform and the only payment method for its services. Tokpie will be only selling 10% of the tokens they acquire per month, to ensure TKP’s steady rise in price.

Even though Tokpie doesn’t charge small players a commission, TKP will be used to get access to advanced tools and some other features. With the volume of transactions the platform is expected to have, TKP is sure to be a profitable token.

Token value score: Medium

White paper:

Tokpie’s white paper provides an overview of already existing solutions within crypto exchange industry and gives a very detailed and well structured presentation of the concept of the exchange platform. It also gives a rather good economic description of the project. It includes market and competition analysis, Tokpie’s strategy, business plan and financial forecast, as well as justification of TKP’s value for the investors.

White paper score: High

Roadmap:

As of today, Tokpie has almost completed the MVP of the exchange platform. The alpha version will be released after the end of the presale, on May 15, 2018.

After the final sale is over in July, the team will develop security protocols and support infrastructure. The final launch is scheduled on the first quarter of 2019.

Roadmap score: Medium

Business model:

Tokpie taps into a very profitable industry that shows significant growth. Even though the company plans to serve the majority of users free of charge, it will only serve as a competitive advantage, increasing the revenue. Tokpie concentrates its revenue streams on the biggest traders on the market, offering those whose transaction volume is more than $100,000 a month a modest subscription fee. It will also get revenue from selling add-ons and advanced tools.

The company’s revenue estimates show total profit of about $50 mio in the fourth year of operation.

Business model score: High

Team:

The company’s CEO has 11 years of experience in international finance and accounting. Both CTOs, who are also co-founders, have 15 and 16 years of experience in IT. CSO of the project has 5 years of experience in renewable energy industry.

The advisory board, however, is not as impressive. It only features two people. One is a venture capitalist with 20 years of experience. She is an expert in content and bounty marketing and ICOs. The other is a writer and crypto journalist.

Team score: Medium

Competitors:

Tokpie provides a competition analysis in the white paper. It compares major players of the market, brokers, centralized, decentralized and P2P exchanges to the services the company provides. In the criteria such as security, the quality of support, fees, best prices and ease of use Tokpie has an edge against the competitors.

One of its direct competitors that offers similar services is Paymon, however, it acts as a payment system as well. Tokpie has way more features than Paymon in the crypto exchange part.

Competitors score: Medium

Overall thoughts:

Tokpie enters a profitable industry with some great improvements in the quality of the services that can be provided in it. It’s going to attract tons of small traders by the absence of commissions and big traders by low fees and access to elaborate trading tools.

This means a lot of TKP transactions and TKP’s rise in price. It is a wise investment choice.